Our market is stable with strong job growth from major employers moving and developing here like Meta, Intel, Amazon, etc.

Oh also number one skill to develop regardless of the route you take is being able to identify and get in contact with motivated sellers.

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

Areas with new businesses or developing infrastructure often show good potential for flips.Next, building a solid local network is key.

Quote from @Steve Lehman: @William VreelandAs a local Indy Investor and RE consultant I have been flowing the IHA development closely to see what kind of developments have been happening.

As a builder and developer in Chicago, I've been on both sides of the 'GC equation' - working with GCs and being the GC ourselves.

MF with many garages to convert to ADUs, parcel splits, full on development, coop/tic with the resources to handle financing challenges, etc.To raise money in this market as a newby will also be challenging unless you can get it from friends and family.

Is anyone else developing in this space?

I liked real estate so I got licensed, worked on a bunch of different RE strategies, started developing and managed to get myself stretched thin very quickly again, I basically made the pendulum swing way too far and had to consolidate again to find my path.

That takes a little time to develop those resources - but they naturally come with experience.